Major institutional investors are urging the federal government to create a more attractive environment for domestic investment in the upcoming fall budget. The budget, the first under Prime Minister Mark Carney and Finance Minister François-Philippe Champagne, will be released during the fall session.
Liberal MPs are consulting with industry leaders, including CEOs and union leaders, to gather feedback. Wayne Long, MP for Saint John–Kennebecasis, noted a desire from investors for increased domestic investment, seeking long-term confidence to support infrastructure projects. He believes new rules and signals of government priorities could stimulate investment.
Ryan Turnbull, MP for Whitby, is also meeting with stakeholders, who want to contribute to solutions for Canada's trade issues. Stakeholders are seeking expanded investment tax credits. Concerns about transportation infrastructure, particularly ports, were also raised.
Prime Minister Carney's focus is on "spending less" and "investing more." Ministers must identify savings. The Public Service Alliance of Canada has expressed concerns about potential job cuts.
5 Comments
Eugene Alta
It's promising to see a focus on long-term confidence. We need a stable environment for investors.
BuggaBoom
This is a great sign. This government seems more open to businesses. A recipe for prosperity.
Raphael
This is a smart move. Encouraging investment boosts the economy and creates jobs!
Muchacho
They're 'consulting' with CEOs? That's just a smokescreen. The decisions are already made.
Michelangelo
Meeting with union leaders is a good sign too. They have a valid perspective.